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Family Dollar 5100 Highway 61 S 9,180 SF Retail Building Vicksburg, MS 39180 $1,762,000 CAD ($191.94 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Double Net (NN) Lease | Minimal Landlord Responsibilities
- Concrete Parking Lot | 4 Years 9 Months Remaining
- Three Mile Household Income $71,691
- 6 (5 Year) Options to Renew | 5% Rental Rate Increase at Each
- Corner Location | Accessible From Both Streets
- 14,764 Cars Per Day on Highway 61
EXECUTIVE SUMMARY
This Family Dollar is highly visible as it is strategically positioned on the corner of Belva Drive and Highway 61 which sees 16,000 cars per day. The store is accessible from both streets. The ten mile population from the site is 31,835 while the three mile average household income is $71,691 per year, making this location ideal for a Family Dollar. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. List price re?ects a 8.00% cap rate based on NOI of $100,980.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$140,960
|
$15.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,960
|
$15.36
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $140,960 |
| Annual Per SF | $15.36 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $140,960 |
| Annual Per SF | $15.36 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 9,180 SF
- $15.36 CAD
- Triple Net
- Mar 2030
Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 9,180 SF | $15.36 CAD | Triple Net | Mar 2030 |
Presented by
Family Dollar | 5100 Highway 61 S
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